Survey Reveals Extent of Online Banking

A new research report reveals that one-third of all adults who bank by computer are banking and paying bills online. The report by Packaged Facts research company says that electronic payments exceeded check payments for the first time in 2003. It also says the market is poised for tremendous growth bound only by how many households have computers and Internet connections and lingering consumer distrust of online transactions.

Copyright © 2005 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 15, No. 5, 6/05